Strong Sales Lift Peugeot's Net
Close to Annual Profit Goals

PARIS -- PSA Peugeot-Citroen SA rode a recovery in Western European auto demand and squeezed the most out of a recently launched restructuring plan to top earnings forecasts for the first half.

The French auto maker said first-half net profit soared more than fourfold to 2.22 billion French francs ($383.2 million) from 505 million francs a year ago, as sales jumped 23% to 116 billion francs. Analysts had forecast earnings of between...